Amazon prices up

Business Insider -   The owners of Bed Scrunchie, a company solving the problem of unruly sheets one mattress at a time, say Amazon is pressuring them to raise their prices wherever else they sell online. "Amazon told us basically that if we don’t increase our price elsewhere, that this product will remain [in]visible to buy," co-owner Jack Nehala shares in a new Business Insider video essay. California’s Attorney General Rob Bonta, who is leading a price-fixing case against the Big Tech giant, says this is a common tactic for Amazon — "We have the receipts." 

Stacy Mitchell, a key expert featured in the story, says this is likely "just the tip of the iceberg of a huge price-fixing operation” and argues that online competition cannot lower consumer prices if policymakers let these tactics continue. “Amazon has so much power over suppliers to essentially monitor prices and make sure that other retailers never have lower prices than Amazon," warns Stacy.